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Sustainable development requires a non-declining per capita wealth base over time. This paper provides estimates of per capita comprehensive wealth growth rates, the trend of the ratio of comprehensive investment to real GDP, and the gap between gross and comprehensive investment ratios for the Ethiopian economy for the period 1990-2008. The average per capita comprehensive wealth-growth rate with and without human capital investment considered was 0.55% and -1%, respectively, However, both growth rates are lower than the 2.2% baseline scenario (the conventional per capita real GDP) growth rate. In addition to this, the gap between the gross investment ratio (GIR) and comprehensive investment ratio under Scenario 2 (CIR2) remains intact between 1990 and 2008. The results imply that the economy has met the requirements of sustainable development but at margin. Therefore, environmental, demographic, and economic policies should be integrated further for better economic growth that leads to sustained improvement in human welfare over time